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. 0] A\ If 27e <br /> of - calculating the ceiling for County funding of <br /> any one project should not be construed as <br /> establishing the eligibility of a project for <br /> funding or the method of repayment to the revolving <br /> fund (Enterprise Fund ) . The following is a sample <br /> calculation : <br /> $1 , 400, 000 - Estimated value of land and building <br /> _luau - minus land value <br /> $1 ,272, 000 - Estimated value of buildings <br /> $. 544/$100 - Valuation tax rate <br /> $ 6,920 - Tax return from each project year <br /> $41 , 518 - Tax return for six years equals <br /> maximum County funding <br /> ( d ) Utility extensions constructed by Orange County <br /> w ill be leased to the development for which they <br /> are constructed. In such cases, the terms of the <br /> lease shall include recovery of all County costs <br /> plus interest within six years after utilities are <br /> turned on . (WSP) <br /> (e ) A fee schedule for atut=guta_QC__EacKica_line_feaa <br /> w ill be developed. Where properties along a <br /> County-owned portion of a utility extension wish to <br /> connect to the utility, an assessment fee shall be <br /> charged in addition to the_atuh=QUt fee. The <br /> assessment fee shall be determined by the Board of <br /> Commissioners and based on acreage and/or front <br /> footage served. <br /> The owner of a large acreage tract or bona fide <br /> farm may select one acre, usually surrounding his <br /> or her house, to which the assessment formula will <br /> be applied. If later the property is subdivided, <br /> the formula will be applied and charged for the <br /> remainder of the tract. (WSP) <br /> Sf1__la__the__atca.nt__that__Qtanae__QQUat4__2aX1__fQC__Qc <br /> finaaaa__a_katacLaagac_lina__axteaded__fac_haalths <br /> aafat .__Qc_ga necal_xalfata_caaaQaaz_and_the__Lounty. <br /> flaxa_maaliQahi _atul/r_out_faaaz__an_azallab ility_fea <br /> Lather__than_aa_aaaeaament_ till__he__Qhacaad.s__Ihe <br /> azailatilltx_fea_K111_ta_taaad._Qa_tha_RLQuQCt1Qa_Qf <br /> tha_total_Qaaaci±x__Qf_tha_xatecLaewec_axatem__uaad <br /> hx_tha__RtQlaat .6a __at%a 1;3l�lllt�c_feea__Qhac�e�_k�c <br /> the_utilitx_Ar id.ac_t flu ld._alaQ_b a_aualicatie . <br /> (g) It shall be Orange County policy to require that <br /> when a County-financed water or sewer extension is <br /> connected to a municipally-owned and operated water <br /> or sewer system, then the municipality shall enter <br /> into an agreement with the County providing that in <br /> the event the project served is annexed by the <br /> municipality, it shall pay to the County any County <br /> share of the project not recovered by the <br /> development. (WSP) <br /> ( h ) If an industry intends to use revenue bonds, it <br /> should give notice of intent to apply to the Orange <br />